TRUE Options History — December 2018

In December 2018, TRUE traded between $8.32 and $10.21. ATM implied volatility averaged 47.1%. The 30-day expected move averaged 13.2%. Max pain ranged from $5.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.41.

Notable Days

  • 2018-12-12: Highest Volume — 355 contracts
  • 2018-12-12: Largest IV drop — 15.4% change
  • 2018-12-27: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$9.46$8.32$10.21$10.19$9.03
Max Pain$7.17$5.00$10.00$10.00$9.00
ATM IV47.1%37.9%55.3%37.9%46.8%
Expected Move13.2%10.9%15.9%10.9%13.4%
Term Structure6.2%-5.3%104.2%-1.2%3.8%
VWIV44.7%29.7%55.2%37.3%46.8%
Skew 25d2.8%-9.6%10.6%-2.2%-1.6%
Skew 10d4.0%-11.1%21.9%0.6%-3.4%
Call IV 25d43.6%34.0%55.4%38.3%44.5%
Put IV 25d46.4%36.1%66.0%36.1%42.9%
Bid-Ask Spread %89.1783.9999.5391.9884.01
Gamma HHI0.340.280.520.310.34
Net GEX22.9K2.0K51.8K43.6K20.2K
Net DEX-717.7K-1.5M195.8K-1.4M-635.8K
Net VEX-8.3K-12.2K-4.0K-12.2K-5.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.410.0010.650.000.16
Total Volume203.54355429
Total OI16,290.114,86916,82516,29115,395

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$10.19$10.0037.9%10.9%0.0%0.0%37.3%-2.2%-1.2%43.6K-1.4M-12.2K0.0091.98N/AN/A4014,3971,894
2018-12-04$9.85$10.0041.9%12.0%0.0%0.0%44.6%6.5%-4.0%29.8K-965.7K-10.9K0.6196.31N/AN/A885414,3951,894
2018-12-05$9.84$10.0043.1%12.4%0.0%0.0%46.8%3.9%-5.3%24.6K-840.7K-9.8K0.6195.10N/AN/A885414,3951,894
2018-12-06$10.21$7.5046.0%11.2%0.0%0.0%0.0%9.0%5.4%51.8K-1.5M-12.1K0.5487.75N/AN/A18510014,4731,942
2018-12-07$9.94$7.5046.1%11.9%0.0%0.0%29.7%8.0%4.6%37.5K-1.1M-11.3K0.5599.53N/AN/A18710314,6242,042
2018-12-10$9.78$7.5049.6%13.2%0.0%0.0%45.8%1.7%-0.2%32.0K-949.2K-10.7K0.1688.47N/AN/A2764514,6432,042
2018-12-11$9.76$7.5047.3%11.7%0.0%0.0%39.8%5.3%5.4%21.1K-724.5K-8.9K0.1686.20N/AN/A2774514,7562,062
2018-12-12$10.07$7.5040.0%11.5%0.0%0.0%40.0%5.6%5.1%42.0K-1.3M-10.7K0.1689.05N/AN/A3074814,7572,062
2018-12-13$9.82$9.0041.0%11.7%0.0%0.0%40.8%3.6%5.0%20.7K-882.2K-9.5K0.1683.99N/AN/A3074814,7602,065
2018-12-14$9.74$5.0043.5%12.5%0.0%0.0%42.6%5.1%2.7%16.1K-843.8K-9.3K0.2691.02N/AN/A1854914,7602,003
2018-12-17$9.40$5.0047.5%13.6%0.0%0.0%45.2%-1.9%0.6%5.3K-364.2K-7.6K3.4389.40N/AN/A72414,7762,003
2018-12-18$9.40$5.0047.4%13.6%0.0%0.0%46.8%5.8%2.0%3.3K-323.3K-7.5K4.5788.07N/AN/A73214,7832,023
2018-12-19$9.19$5.0048.5%13.9%0.0%0.0%45.2%1.8%1.6%3.7K-50.5K-6.6K2.4090.36N/AN/A204814,7892,029
2018-12-20$9.06$5.0050.4%14.4%0.0%0.0%47.0%-4.7%-1.1%2.0K-32.1K-5.7K10.6586.98N/AN/A2021314,8021,913
2018-12-21$8.32$5.0049.7%14.3%0.0%0.0%44.3%10.5%5.0%11.7K195.8K-4.0K3.4385.99N/AN/A5819914,8021,679
2018-12-24$8.40$5.0054.9%15.7%0.0%0.0%55.2%10.6%104.2%15.6K-466.7K-4.3K0.1784.66N/AN/A2424113,894975
2018-12-26$8.95$5.0052.8%15.1%0.0%0.0%53.6%-9.6%-1.9%25.6K-670.7K-6.3K0.0586.80N/AN/A2461214,0651,102
2018-12-27$8.98$9.0055.3%15.9%0.0%0.0%49.5%-2.7%-3.6%22.7K-632.3K-6.4K0.1089.79N/AN/A2002014,1531,250
2018-12-28$9.24$9.0052.8%15.1%0.0%0.0%47.9%1.6%-3.3%28.1K-781.9K-6.8K0.0987.98N/AN/A1861614,2441,265
2018-12-31$9.03$9.0046.8%13.4%0.0%0.0%46.8%-1.6%3.8%20.2K-635.8K-5.4K0.1684.01N/AN/A25414,2441,151